Preferred Language
Articles
/
jeasiq-1354
Challenges of applying IFRS 16 to the Iraqi environment and its role in improving Financial indicators of economic units Applied to the General Company of Iraqi Airways
...Show More Authors

Abstract

The leases, are regarded as one of the most controversial accounting issues in recent years, since they  represents one of the important sources of funding, which may be exploited by the tenant as off- Balance sheet Financing , which negatively affects the quality of financial reporting. The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have "significant" interest in accounting for leases . FASB issued Statement of Financial Accounting Standards 13 on lease contracts in 1976 and IASB issued IAS 17 in 1980, which was amended in 1997 and IFRS 16, issued in January 2016, which will be effective on January 1, 2019 , to solve the problems of leases, especially the operational lease contracts (used in Iraq) of off- Balance sheet Financing . for the lessee. No accounting standard in Iraq has been issued in accordance with the International Standard concerning Tenancy Contracts. Therefore, the aim of the research is to adopt the standard of IFRS 16 according to the specificity of the Iraqi environment and to meet the challenges of implementation and in accordance with Iraq's approach to the adoption of accounting standards. and the impact on the quality of financial reporting reflected in the financial indicators of economic units leased to the Iraqi environment .The research reached a number of conclusions, the most important of which are the following:

- The IFRS 16 standard reflects the accuracy of the IASB's application of transparency in the financial reporting of the economic units engaged in the leasing activity and the increased understanding and comparability of the users of the financial statements by reflecting the requirements of IFRS 16 for the quality of the financial information.

- There are challenges facing the Iraqi environment to adopt financial reporting standards on handling lease contracts.

- The adoption of IFRS16 in the Iraqi environment through the proposed model of the General Company of Iraqi Airways has contributed to improving the financial indicators of the company in terms of the quality of information and presentation of the financial statements, which reflects positively "in the decisions of investors and lenders, which is in line with the State's tendency to attract investment and revitalization Economic movement.

The most important recommendations reached by the research are:

- The cultural, legislative or economic challenges should be met in order to adopt the criteria for financial reporting of leases in the Iraqi environment through the amendment or enactment of some laws (the law of leasing, tax laws, corporate law).

- Trying to formulate accounting models that adopt international standards after adapting them to suit the Iraqi environment to enforce the investigation of articles (25.26) of the Iraqi constitution..

Crossref
View Publication Preview PDF
Quick Preview PDF
Publication Date
Fri Jul 01 2016
Journal Name
Composite Structures
Bond behaviour between CFRP laminates and steel members under different loading rates
...Show More Authors

Carbon fibre reinforced polymers are widely used to strengthen steel structural elements. These structural elements are normally subjected to static, dynamic and fatigue loadings during their life-time. A number of studies have focused on the characteristics of CFRP sheets bonded to steel members under static, dynamic and fatigue loadings. However, there is a gap in understanding the bonding behaviour between CFRP laminates and steel members under impact loading. This paper shows the effect of different load rates from quasi-static to 300 × 103 mm/min on this bond. Two types of CFRP laminate, CFK 150/2000 and CFK 200/2000, were used to strengthen steel joints using Araldite 420 epoxy. The results show a significant bond strength enhancemen

... Show More
Scopus (71)
Crossref (59)
Scopus Clarivate Crossref
Publication Date
Fri Jan 01 2021
Journal Name
Ieee Access
IFFT-Based Microwave Non-Destructive Testing for Delamination Detection and Thickness Estimation
...Show More Authors

View Publication
Scopus (13)
Crossref (12)
Scopus Clarivate Crossref
Publication Date
Thu Nov 17 2016
Journal Name
International Journal Of Computer Applications
Colour Recognizing Robot Arm Equipped with a CMOS Camera and an FPGA
...Show More Authors

In this paper a system is designed on an FPGA using a Nios II soft-core processor, to detect the colour of a specific surface and moving a robot arm accordingly. The surface being detected is bounded by a starting mark and an ending mark, to define the region of interest. The surface is also divided into sections as rows and columns and each section can have any colour. Such a system has so many uses like for example warehouses or even in stores where their storing areas can be divided to sections and each section is coloured and a robot arm collects objects from these sections according to the section’s colour also the robot arm can organize objects in sections according to the section’s colour.

View Publication
Publication Date
Mon Jan 02 2012
Journal Name
Karbala Journal Of Medicine
Open Tibial Shaft Fractures Treated By Primary External Fixation And Bone Graft
...Show More Authors

Eprospective study undertaken between January 2007 and January 2011, 58 consecutive cases with compound tibial shaft fractures. All fractures were stabilized by external fixator device AO/ASIF type after failed the manipulation under anesthesia (MUA) to restore the osseous alignment. In 32 patients cancellous bone graft were used from the upper part of the tibia to enhance healing process, all these patients were followed for an average of 8–12 months. Our findings showed that stabilization of the fracture shaft tibia by external fixation with cancellous bone graft had significantly better result, than external fixation alone. We conclude that unilateral, uniplanar external fixation with early bone grafting from upper part of the tibia is

... Show More
Publication Date
Fri Sep 22 2017
Journal Name
Ibn Al-haitham Journal For Pure And Applied Sciences
Radon-Distribution Measurements With CR-39, LR-115 And CN-85 DeteCtors
...Show More Authors

The  aim  of this  work  is to determine radon and  its decay  product concentratiQns  indoor   and  outdoor   in  different   areas   in  north   and middle  are·a of Iraq by using nuclear  trak detectors  , CR-39  , CN- 85 andLR-115.                        -

For   CR-39    detectors   ,   the   highest    radon    concentration  was

(64.07Bq/m3)indoor and  (52.4  Bq/m3)

outdoor &n

... Show More
View Publication Preview PDF
Publication Date
Tue Dec 11 2018
Journal Name
Baghdad Science Journal
Water flow velocity and oxide film formation effect on copper pipe corrosion
...Show More Authors

An overall mathematical model for copper pipe corrosion in flowing water was derived based on mass transfer fundamentals where we introduced the effects of boundary layer velocity, bulk flow velocity and the surface oxide protective film on the corrosion rate. A set of experiments were conducted in a straight 10mm diameter copper pipe, flow of water include six velocities of maximum value 7.33m/sec at 200C and 350C. The good agreement between the calculated and experimental corrosion rate values were achieved , the agreement reached 92% .

View Publication Preview PDF
Crossref
Publication Date
Mon Feb 20 2017
Journal Name
Ibn Al-haitham Journal For Pure And Applied Sciences
Text Encryption Algorithm Based on Chaotic Neural Network and Random Key Generator
...Show More Authors

This work presents a symmetric cryptography coupled with Chaotic NN , the encryption algorithm process the data as a blocks and it consists of multilevel( coding of character, generates array of keys (weights),coding of text and chaotic NN ) , also the decryption process consists of multilevel (generates array of keys (weights),chaotic NN, decoding of text and decoding of character).Chaotic neural network is used as a part of the proposed system with modifying on it ,the keys that are used in chaotic sequence are formed by proposed key generation algorithm .The proposed algorithm appears efficiency during the execution time where it can encryption and decryption long messages by short time and small memory (chaotic NN offer capacity of m

... Show More
View Publication Preview PDF
Publication Date
Fri Apr 30 2021
Journal Name
International Journal Of Intelligent Engineering And Systems
SMS Spam Detection Based on Fuzzy Rules and Binary Particle Swarm Optimization
...Show More Authors

View Publication
Scopus (10)
Crossref (5)
Scopus Crossref
Publication Date
Tue Aug 01 2017
Journal Name
Journal Of Molecular Structure
Asymmetric 1,3,4-thiadiazole derivatives: Synthesis, characterization and studying their liquid crystalline properties
...Show More Authors

View Publication
Scopus (18)
Crossref (17)
Scopus Clarivate Crossref
Publication Date
Sat Jan 14 2023
Journal Name
Cogent Engineering
C. B interrupt duty reduction based controlling TRV and symmetrical breaking current
...Show More Authors

View Publication
Scopus (3)
Crossref (1)
Scopus Clarivate Crossref